China overtakes U.S. as worlds largest IT products exporter

hundred years hence write about our time, they may well conclude that the most significant development was the emergence of a vigorous market economy-and army-in the most populous country of the world. This is particularly likely if many of the globe’s leading historians and pundits a century from now do not have names like Smith but rather ones like Wu.

China is the fastest growing economy in the world, with what may be the fastest growing military budget. It has nuclear weapons, border disputes with most of its neighbors, and a rapidly improving army that may-within a decade or so-be able to resolve old quarrels in its own favor. The United States has possessed the world’s largest economy for more than a century, but at present trajectories China may displace it in the first half of the next century and become the number one economy in the world.

Nicholas Kristof, “The Rise of China,” Foreign Affairs (November/December 1993)

John Mearsheimer of the University of Chicago wrote more recently:

The question at hand is simple and profound: Will China rise peacefully? My answer is no.

If China continues its impressive economic growth over the next few decades, the US and China are likely to engage in an intense security competition with considerable potential for war. Most of China’s neighbors, to include India, Japan, Singapore, South Korea, Russia and Vietnam, will join with the US to contain China’s power.

John Mearsheimer, “The Rise of China Will Not Be Peaceful At All,”The Australian, 18 November 2005

Andy Grove, cofounder of Intel in 1968 (with Robert Noyce and Gordon Moore); Intel’s CEO and from 1979 to 1997; and chairman of the board of Intel from May 1997 to May 2005, was quoted by Clyde Prestowitz:

America is in danger of following Europe down the tubes, and the worst part is that nobody knows it. They’re all in denial, patting themselves on the back as the Titanic heads for the icebergs full speed ahead.

In Clyde Prestowitz’s, Three Billion New Capitalists: The Great Shift of Wealth and Power to the East (New York: Basic Books, 2005), p. 1